Bank employees stage protest, announce two-day strike on March 24 and 25

Ludhiana: With a list of demands and opposing unfair labour practices as well as the outsourcing of permanent jobs in the banking sector, the bank employees under the banner of United Forum of Bank Unions (UFBU) staged a protest in Ludhiana on Friday. The protest was held by UFBU Ludhiana outside SBI Bank near Fountain.

Ludhiana:

With a list of demands and opposing unfair labour practices as well as the outsourcing of permanent jobs in the banking sector, the bank employees under the banner of United Forum of Bank Unions (UFBU) staged a protest in Ludhiana on Friday.

The protest was held by UFBU Ludhiana outside SBI Bank near Fountain Chowk in response to a nation-wide protest call by UFBU body.

During the protest, the representatives of the organisation have also announced the two-day strike scheduled by UFBU across the nation on March 24 and 25.

Convener UFBU Com. Naresh Gaur along with Com. Pawan Thakur, President Punjab Bank Employees’ Federation (PBEF, AIBEA) Ludhiana and others have stressed on the list of pending demands.

The organisation demanded adequate recruitment in all cadres and the regularization of temporary employees. Besides, they are demanding the implementation of a five-day work week in the banking industry.

 

The protestors also demanded the immediate withdrawal of recent Department of Financial Services (DFS) directives on performance review and Performance Linked Incentive (PLI), which, according to them, threaten job security, create divisions among employees, and violate the 8th Joint Note.

Other demands include ensuring the safety of bank officers and staff against assaults and abuse from unruly customers; filling vacant positions of Workmen and Officer Directors in Public Sector Banks (PSBs); resolving residual issues pending with the Indian Banks’ Association (IBA); amending the Gratuity Act to increase the ceiling to Rs 25 lakh in line with government employee benefits and exempting it from income tax, ensuring that income tax on staff welfare benefits is borne by management; and maintaining a minimum of 51% government equity in IDBI Bank.

The protestors also strongly opposed the micromanagement of PSBs by the DFS on policy matters affecting employees’ service conditions and undermining bilateral agreements; outsourcing permanent jobs in banks; and unfair labor practices in the banking industry.